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Re: A deleted message

Wednesday, 09/08/2010 3:21:51 PM

Wednesday, September 08, 2010 3:21:51 PM

Post# of 34471
He is doing what many career traders do, which is trying to bolster his position. It sounds like he is sitting on a lot of cash right now, so of course he would like to see prices go lower because that will allow him to buy in cheaper. Some people disagree with those tactics, but it is my considered opinion that you should never let anyone talk you in or out of a stock. You should know what you own and do what you can to influence management to make the best decisions for their shareholders.

Joe may be very right, but Joe may also be very wrong. I'm betting that he is wrong on CCME so my money will stay tight. Either way, I think it is best to look at any FACTS that he supplies and consider them along with all of the other information available to you. However, if he, or anyone for that matter, is trying to claim they know what way the overall market or an entire sector is heading....well...let's just say they are being very presumptuous and history has shown us that they are equally likely to be wrong. If he had a crystal ball he wouldn't be chatting on a message board, he would be out sipping liquor drinks on the beach in Maldives.
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